India's 2025 Income Tax Reforms: Key Changes Announced

The Indian government made several changes to income tax rules.

First, you can earn up to ₹12 lakh without paying taxes under the new rules, and even more if you get a standard deduction.

You now have more time to file your taxes.

If you made a mistake on your taxes, you have more time to correct it.

The old tax law was replaced with a new one, making it easier to file taxes.

Also, some homeowners no longer have to pay taxes on empty houses.

Lastly, there is more tax relief for senior citizens.